🇺🇸🇨🇳 U.S.–China Trade Truce: 90-Day Tariff Rollback
The United States and China have agreed to a significant de-escalation in their trade tensions by implementing a 90-day pause on heightened tariffs. This agreement, emerging from recent Geneva talks, reduces tariffs from extreme levels— the U.S. cutting tariffs on Chinese goods from 145% to 30% and China cutting U.S. tariffs from 125% to 10%.
This development has led to a surge in global stock markets, a stronger dollar, rising oil prices, and declining gold prices as investors shift to riskier assets. Economists and analysts are cautiously optimistic, noting that while this pause is a positive step, it does not constitute a comprehensive trade resolution, and uncertainty remains.
